GoEuro, travel search platform for planning and booking all rail, bus and air transportation, has announced the closure of a Series B funding round totalling $45 million. The funding was led by Goldman Sachs and joined by new investors including Atomico, Yuri Milner and Tom Stafford, Sebastian Siemiatkowski (Klarna) and Ilkka Paananen (Supercell).
“This new investment is a huge endorsement to the progress we have made since our launch two and a half years ago. It will allow us to further accelerate our growth, and continue to build the most comprehensive platform for rail, bus and air travel in Europe – making tens of thousands of destinations easily accessible for travellers from all over the globe,” said Naren Shaam, Founder and CEO of GoEuro.
The company is addressing a market where over €150 billion is spent yearly on travel across Europe, utilizing proprietary technology to present all rail, bus, air transportation options, thereby creating a single, unified source of information for all consumer travel needs.
GoEuro now operates in a contiguous area of 11 countries across Europe with a combined population of 400 million, offering its users the ability to search and book the fastest, cheapest, and most convenient journeys with over 40 railway companies, over 300 bus operators and all airlines, while helping operators reach new customers from all over the world.
The additional funding will enable the company to accelerate its growth through 2016 and beyond, with a focus on investment in new partner integrations, product development, continuing to attract the best talent to GoEuro, and customer acquisition both within Europe and globally.